Understanding NFTs
NFTs or Non-Fungible Tokens are a form of digital art or assets that are tokenized to make the process of buying and selling them easy and secure. Each NFT has a unique code and is completely authentic which makes them scarce and appealing to the eye of the buyer. You can create NFTs for free and put them in the NFT marketplace for potential buyers and investors to bid on them. The NFT marketplace is your best bet to find your target audience. The NFT png that you would display on the online platform along with the message and story that you convey with it will attract most of the traffic towards your digital art.
Understanding NFT Gas Fees – What Is It and How Is It Calculated?
NFTs use Blockchain technology for all NFT processes and transactions. For a validator to carry out the processes involved with NFTs i.e. purchasing, transferring, trading and minting, gas fees need to be paid. Although you still can create NFTs for free, you do need to pay the NFT gas fee for all and any transactions done on the blockchain. This also ensures the overall security and safety of the transactions over the network.
As far as calculating the gas fee is concerned, it is the computational power that is required to monitor and record all the transactions that happen on the Ethereum blockchain. The denomination for a gas fee which is common and widely used is gwei where one gwei is equal to one another. You can pay this gas fee using your NFT crypto wallet.
A Step-by-Step Guide to Creating NFTs For Free
- The first step is to create your crypto wallet account. The cryptocurrency that you will have in this account will help you when you have to pay the NFT gas fee.
- The next step is to create an account on the NFT marketplace. The NFT marketplace is the platform that you will need to display your NFTs since people from all over the world are always browsing art pieces on the NFT marketplace. This is the perfect place for you to find potential buyers and investors for your NFT. You will need your NFT crypto wallet while creating an account to pay the gas fee.
- Once you have created your account you need to look deep inside your mind to find ideas that will help you create unique designs. NFTs can be digital art, sound, music or anything that can be considered a form of art. You need to design something that will catch the attention of your target audience. This will help you find bidders just like it happens in art galleries.
- Now that you’re all set with the NFT, you need to decide its value or the free NFT mints. Once it is decided you can upload your NFT on the marketplace for sale.
Minting NFTs for Free
If you wish to mint your NFT for free then there is a very simple solution. While choosing the minting options, opt for free minting which will make the buyer of your NFT pay the gas fee required for minting. You can upload your NFT on the marketplace along with its value which will fluctuate according to the gas fee but you can also let your buyer decide while they bid on it. This way you can create NFTs for free and also get free NFT mints without any hassle.
Understanding NFT Marketing and Promotion
NFT marketing is the way you promote your NFTs on different social media platforms or partner with NFT promotion agencies to attract your target audience. You can understand the algorithms of different social media sites while doing your NFT promotions which will direct all potential buyers, traders, collectors and investors towards your art piece. On the NFT marketplace, the traffic that you have directed towards your NFT will then bid on your Non-Fungible Tokens and get you the highest possible value for them along with recognition for future transactions.
